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The return of the blackouts + It’s interest rate week next week
Good morning, friends, and happy FRIDAY. After a scorching week full of power cuts, we wish you a power-cut-less weekend…
CMA CGM eyes stake in state-owned shipping firm
Transport Ministry and National Bank of Egypt are holding talks with the French shipping giant
Dubai takeover of Pachin is complete. PLUS: A real estate merger in the works?
The Dubai-based company purchased the remaining 20% of Pachin owned by state entities
Military-owned institution acquires 20% of Taqa Arabia
Taqa sold its shares at a 46% discount to market value
MTI to acquire 40% of B Investments’ B Pharma
The transaction values B Pharma at around EGP 512.5 mn
Beltone’s record EGP 10 bn capital increase closes, sees foreign institutions take stakes
Second phase of rights issue was c. 5.5x oversubscribed
Foreign investors are interested in Banque Misr’s digital bank
The bank has applied for a digital banking license following the new regs that were published last week
THIS EVENING: MM Group eyes B Pharma
Good afternoon, friends, and happy Tuesday — or almost-THURSDAY-equivalent. We’re in the final stretch of this shortened week before the…
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